Pension and Other Postretirement Benefits

9 Months Ended

Sep. 24, 2011

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits

Pension and Other Postretirement Benefits

We sponsor defined benefit retirement plans in Canada and the U.K. Additionally, we offer other postretirement benefits to the majority of our Canadian and U.S. employees. The net periodic pension costs under retirement plans and other postretirement benefits were as follows:

	Thirteen Weeks Ended September 24, 2011
	Canada plans			U.S. plans			U.K. plan			Consolidated
	(In millions)
Defined Benefit Plans
Service cost	$	4.8		$	—		$	—		$	4.8
Interest cost	18.3			(0.2		)	27.2			45.3
Expected return on plan assets	(18.7		)	—			(31.5		)	(50.2		)
Amortization of prior service cost	0.2			—			—			0.2
Amortization of net actuarial loss	2.4			—			2.7			5.1
Less expected participant contributions	(0.4		)	—			—			(0.4		)
Net periodic pension cost (benefit)	$	6.6		$	(0.2	)	$	(1.6	)	$	4.8
Other Postretirement Benefits
Service cost—benefits earned during the period	$	0.6		$	0.1		$	—		$	0.7
Interest cost on projected benefit obligation	1.9			—			—			1.9
Amortization of prior service cost (gain)	(1.0		)	—			—			(1.0		)
Amortization of net actuarial loss (gain)	(0.9		)	—			—			(0.9		)
Net periodic postretirement benefit cost	$	0.6		$	0.1		$	—		$	0.7

	Thirteen Weeks Ended September 25, 2010
	Canada plans			U.S. plans		U.K. plan			Consolidated
	(In millions)
Defined Benefit Plans
Service cost	$	4.3		$	—	$	—		$	4.3
Interest cost	17.8			0.1		29.0			46.9
Expected return on plan assets	(17.4		)	—		(27.4		)	(44.8		)
Amortization of prior service cost	0.2			—		—			0.2
Amortization of net actuarial loss	0.3			—		3.1			3.4
Less expected participant contributions	(0.5		)	—		—			(0.5		)
Special termination of benefits	—			—		—			—
Net periodic pension cost (benefit)	$	4.7		$	0.1	$	4.7		$	9.5
Other Postretirement Benefits
Service cost—benefits earned during the period	$	0.6		$	—	$	—		$	0.6
Interest cost on projected benefit obligation	2.3			—		—			2.3
Amortization of prior service cost (gain)	(0.9		)	—		—			(0.9		)
Net periodic postretirement benefit cost	$	2.0		$	—	$	—		$	2.0

	Thirty-Nine Weeks Ended September 24, 2011
	Canada plans		U.S. plans	U.K. plan		Consolidated
	(In millions)
Defined Benefit Plans
Service cost	14.3		—	—		14.3
Interest cost	54.9		—	81.6		136.5
Expected return on plan assets	(56.1	)	—	(94.6	)	(150.7	)
Amortization of prior service cost	0.6		—	—		0.6
Amortization of net actuarial loss	7.1		—	8.2		15.3
Less expected participant contributions	(1.2	)	—	—		(1.2	)
Special termination of benefits	—		—	—		—
Net periodic pension cost (benefit)	19.6		—	(4.8	)	14.8
Other Postretirement Benefits
Service cost—benefits earned during the period	1.6		0.3	—		1.9
Interest cost on projected benefit obligation	5.8		—	—		5.8
Amortization of prior service cost (gain)	(2.9	)	—	—		(2.9	)
Amortization of net actuarial loss (gain)	(2.7	)	—	—		(2.7	)
Net periodic postretirement benefit cost	1.8		0.3	—		2.1

	Thirty-Nine Weeks Ended September 25, 2010
	Canada plans			U.S. plans		U.K. plan			Consolidated
	(In millions)
Defined Benefit Plans
Service cost	$	13.0		$	—	$	—		$	13.0
Interest cost	53.6			0.3		86.4			140.3
Expected return on plan assets	(52.4		)	—		(81.7		)	(134.1		)
Amortization of prior service cost	0.6			—		—			0.6
Amortization of net actuarial loss	0.9			—		9.2			10.1
Less expected participant contributions	(1.5		)	—		—			(1.5		)
Special termination benefits	1.8			—		—			1.8
Net periodic pension cost (benefit)	$	16.0		$	0.3	$	13.9		$	30.2
Other Postretirement Benefits
Service cost—benefits earned during the period	$	1.8		$	—	$	—		$	1.8
Interest cost on projected benefit obligation	7.0			—		—			7.0
Amortization of prior service cost (gain)	(2.7		)	—		—			(2.7		)
Net periodic postretirement benefit cost	$	6.1		$	—	$	—		$	6.1

During the first three quarters of 2011, employer contributions to the defined benefit plans for Canada were $9.6 million. There were no contributions to the U.K. plan during the first three quarters of the year. Expected total fiscal year 2011 employer contributions to the Canada and U.K. defined benefits plans are approximately $13 million. MillerCoors' contributions to its defined benefit pension plans are not included here, as MillerCoors is not consolidated in our financial statements.